Oilfield Services Firm Hunting Says 1Q Earnings in Line with Expectations

Published

Oilfield services group Hunting Plc said on Wednesday its first-quarter earnings were in line with expectations despite a hit to the company's Texas facilities in February when the U.S. state faced severe cold weather.

The company said it recorded a small core loss in the quarter due to subdued offshore drilling activities throughout the second half of 2020 that carried into this year. 

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)

Current News

Freire Shipyard Launches Armada Diving Support Vessel

Freire Shipyard Launches Armad

NYK Employs 3D Technology to Design and Construct New CTVs

NYK Employs 3D Technology to D

TotalEnergies, TPAO to Explore Black Sea for Hydrocarbons

TotalEnergies, TPAO to Explore

Vineyard Wind Sues GE Vernova to Block Offshore Wind Project Exit

Vineyard Wind Sues GE Vernova

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine